US President Donald Trump has urged the House of Representatives to swiftly pass the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act following its recent approval by the Senate. Trump emphasized the need for rapid action, stating on Truth Social, “Get it to my desk, ASAP — NO ...
In a recent statement, Treasury Secretary Bessent emphasized the potential of stablecoins to reinforce the dominance of the U.S. dollar in the global financial system. He argued that stablecoins, digital assets pegged to fiat currencies like the dollar, could enhance the dollar’s reach and utility in international markets. Crypto ...
Interest in stablecoins among Fortune 500 companies has more than tripled over the past year, according to Coinbase’s latest State of Crypto report. Nearly 29% of 100 executives from the largest US firms said their companies are either planning to use or are interested in stablecoins, up from just 8% ...
Major banks are increasingly exploring stablecoins, the cryptocurrency tokens pegged to traditional currencies, as they seek to leverage blockchain technology for faster payments and improved financial services. This shift reflects growing institutional interest in digital assets despite ongoing regulatory challenges. Major U.S. banks including JPMorgan Chase, Bank of America, Citigroup, ...
Stablecoins are quickly moving from pilot projects to a core part of global payment systems, according to Fireblocks’ newly released “State of Stablecoins 2025” report. The digital asset platform revealed that stablecoin transactions on its network now reach $40 billion per quarter, reflecting surging institutional use and a clear shift ...
Visa has made a strategic investment in BVNK, a global payments infrastructure provider specialising in stablecoin technology, marking a significant step in the evolution of digital payments. The investment, made through Visa Ventures, signals strong confidence in BVNK’s vision to transform how money moves across borders using blockchain-based stablecoins. Stablecoins—digital ...
Visa has announced a major step forward in digital payments by integrating stablecoins into its network of 150 million merchants worldwide. This move enables customers to use popular stablecoins such as USDC and USDT for everyday purchases, bridging the gap between traditional finance and the fast-growing world of digital assets. ...
The Bank of Italy has raised fresh concerns over the growing influence of Bitcoin and other digital assets on the financial system, warning that their rising integration with the broader economy poses new risks for investors and systemic stability. In its April 2025 Financial Stability Report, the central bank underscored ...
Italy’s Minister of Economy and Finance, Giancarlo Giorgetti, has warned that US dollar-backed stablecoins pose a significant threat to the euro’s role in international payments. Speaking at an event in Milan, Giorgetti argued that US stablecoin policies are more dangerous for Europe than trade tariffs, as these digital assets could ...
Brazil’s Central Bank (BCB) has introduced a proposal that could dramatically alter how stablecoins are used in the country’s thriving crypto market. Announced on November 29, the draft regulation aims to ban the transfer of foreign-backed stablecoins, like USD-pegged tokens, from crypto exchanges to self-custody wallets. This move is part ...
